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Blockchain Association has rallied support from 160 former national security and law enforcement officials for the CLARITY Act as the crypto market structure bill awaits consideration by the full U.S. Senate.<\/p>\n
\n Summary<\/span>\n <\/p>\n <\/p>\n According to a letter<\/a> sent Tuesday by the Blockchain Association to Senate Majority Leader John Thune and Senate Democratic Leader Charles Schumer, former officials from national security and law enforcement backgrounds urged lawmakers to approve the legislation, arguing that it would strengthen oversight of digital asset markets rather than weaken it.<\/p>\n \u201cThe United States has long led the world by pairing innovation with the rule of law. The Clarity Act advances that tradition. It strengthens American competitiveness, protects American consumers, supports American law enforcement, and reinforces America\u2019s role as the global standard-setter for financial integrity and technological leadership.<\/p>\n We urge the Senate to advance the Clarity Act and to support a framework that strengthens both law enforcement capabilities and our national security.\u201d\u00a0<\/p>\n \u2013 Excerpt from the Blockchain Association letter.<\/p>\n<\/blockquote>\n The group said the CLARITY Act contains provisions that expand law enforcement tools and financial crime prevention measures across the crypto sector. In the letter, signatories argued that the legislation would improve investigators\u2019 ability to track illicit activity while bringing more digital asset activity under U.S. regulatory supervision.<\/p>\n Support for the bill comes as lawmakers continue debating the measure\u2019s final form. Discussions in Congress have included whether ethics restrictions should be added to limit elected officials\u2019 participation in crypto-related business ventures, an issue that has drawn attention because of President Donald Trump\u2019s digital asset interests.<\/p>\n Within the letter, the officials highlighted several sections they believe would strengthen compliance and enforcement efforts, including expanded obligations tied to the Bank Secrecy Act and U.S. sanctions rules, along with Treasury Department-led information sharing between government agencies and private sector participants.<\/p>\n <\/p>\n The proposal would also establish a permanent interagency working group dedicated to crypto-related illicit finance investigations, according to the letter.<\/p>\n Describing the bill as an enforcement measure rather than a rollback of oversight, the signatories wrote that the provisions are intended to improve compliance, accountability, coordination, and visibility throughout digital asset markets.<\/p>\n Separately, the Blockchain Association said it plans to increase its advocacy efforts in Washington. The organization is preparing meetings across 18 Senate offices and will host a virtual town hall on Thursday focused on the bill\u2019s law enforcement and national security implications.<\/p>\n Scheduled participants include Senator Cynthia Lummis, Representative Tom Emmer, and Patrick Witt, executive director of the White House President\u2019s Council of Advisors for Digital Assets.<\/p>\n The Blockchain Association has remained active on several policy issues in Washington this year. In April, the group\u2019s executive vice president of legal and government relations, Ashok Pinto, urged<\/a> the Federal Reserve to formally remove \u201creputation risk\u201d from bank supervision rules, arguing that the standard had contributed to debanking concerns affecting crypto firms and created uncertainty for regulated businesses.<\/p>\n Momentum around the legislation has increased since the Senate Banking Committee approved the CLARITY Act in a 15-9 bipartisan vote in May. As previously reported by crypto.news, the bill has since been placed<\/a> on the Senate Legislative Calendar, making it eligible for floor consideration once Senate leadership schedules debate.<\/p>\n Senator Lummis has previously said the legislation could help settle the long-running jurisdictional dispute between the SEC and CFTC over digital asset oversight. Coinbase has also described<\/a> the bill as nearing completion, while institutional investors have already begun trading on its prospects through prediction market contracts facilitated by Galaxy Digital.<\/p>\n <\/p><\/div>\n\n\n
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Former officials back enforcement provisions<\/strong><\/h2>\n
CLARITY Act advances toward Senate debate<\/h2>\n